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20130201
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Search Results 0 to 49 of about 63 (some duplicates have been removed)
institutionalizes the pork. >> it is like saying responsible alcoholism. it lubricates corruption . massive spending bills and obama care and the like. the only time we should have that kind of pork stuff is pass the flat tax otherwise ban them. >> rick, you had a piece a couple of months ago saying congress cannot operate without earmarks. >> it is interesting. i got on to a piece after a conversation with jack who got me think being it. before the moratorium went into affect. we had a much easier time getting things through congress. 15 billion before the moratorium on earmarks and it got people to vote for bimings. is it unpleasant? it kind of is. but steve said it is lubrication. >> emac, there is another thing. the kind of thing despite the law still on the hurricane sandy bill had pork in there. >> it is right . that doesn't equate thary - mark band has anything to do with grid lock. but the time and again. congress does the drink country gets the hang over. when they don't exert budgetary displinn. i don't see it. you can see in the appropriation's bills a lot pork spending. >> i will nolt sa
are on food stamps and the number that we spend on food stamps tripled under obama's watch? >> look, i agree with you. there is no recovery that we can measure here and you can point to how many people are out of work and lost their homes and on food stamps. we need to change our policy and invest and then you cash in. that's the way it works. we need to invest in america first. china is doing it. china's unemployment is 4.9 percent . ours is double that . china is investing with us. the money we pay to borrow for war. >> tracey. >> i believe we should invest but i don't want the government to do it. unemployment is up because of the uncertainty out of washington. companies don't want to expand. get the government out of the way, everything will get back to normal. >> tracey is right. you could see a temporarily sell off in the stock market. it is down from all-time highs because the market knows more medocre, the government will step in and fix and form the law interest rates and food stamps and unemployment checks. the market cheer its on >> free money. >> leave it there and say thank you
until a assessor is confirmed. he served as an advocate for president obama spending increases on highways, bridges and transport facilities. it continues. i will be curious to see who takes that spot. it will be tough with the challenges ahead. credit card users bracing for a new swipe fee. we will tell you why small businesses may be the biggest loser on this one. melissa: lou dobbs coming up as president obama gets set to pitch his immigration plan. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protec
add to the nation's debt unless it's off- set with spending cuts. several of president obama's 2012 recess appointments are being ruled "invalid." a federal appeals court unanimously ruled that the president's appointments to the national labor relations board last year were unconstitutional. senate republicans filed the case against the president, arguing that the appointments were made while the senate was in pro-forma session and not in recess. the obama administration is expected to appeal. a fresh audit of apple's supply chain reveals continuing labor problems. apple has conducted nearly 400 audits of its suppliers, including foxconn. investigations revealed cases of underage workers, discrimination and low wages. the company says it is cracking down on its most challenging labor issues. it will also investigate smaller suppliers. hostess brands are closer to finding a new home. the iconic twinkie company may dish out an agreement this week to sell its drake's cake business. flowers foods is expected to bid $390 million for wonder, butternut and other hostess bread brands, whil
the republicans, the other side the democrats. and i must say post-election, president obama has become more aggre aggressive. military spending, they don't agree with what taxation should be, title, on and on and on. gun control, they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. i don't know how it the play out. >> meanwhile, the marketses are on fire. the s&p 500 hitting a new five-year high along with the dow jones industrial average. what is driving the stocks and do you think it's sustainable for the year? >> the part of it that i understand is that some of the risk has been pulled out of the market. so most recently that the u.s. has got three months before the next thing happening. some of the risks. and maybe just the election was determined and people aren't
of proportion. tonight, both sides from the chief political correspondent carl cameron. >> president obama reportedly said that america doesn't have a spending problem. we know that is not accurate. >> that is the senate's top republican referring to the president's assertion the u.s. does not have a spending problem on the federal debt crisis quoted by house speaker boehner at recent "wall street journal" op-ed. otherring eagerly embrace the sentment and vowed to oppose the discretionary spending cuts, arguing that the debt crisis if spending's role are overhyped on fox news. >> i am not going to keep cutting the discretionary budget which by the way is not out of control. despite what you hear on fox news. >> he said limited if any entitlement reform and intensifying opposition to additional discretionary spending discipline. >> the american people still believe by overwhelming margin that the rich should contribute to this. they believe discretionary spending has been hit hard already. >> for the record, the government accountability office issued a report saying the structural imbalanc
obama blaming republicans for the fiscal cliff and the sequester spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is h
takes in and what it spends. and realistically you've got to pov both ends this is what president obama calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue and you have to cut back spending. >> susie: let's say congress doesn't do that. what happens next? explain to people what happens next. >> i think the real risk is that we come to a showdown in march when the current stopgap budget ends and we face the government shutdown. people will lose svices. pele wl lose jobs. and there will be a fiscal contraction, on top of the ones that we've already put in place. and that's not great for the economy, for sure. >> you know, and this whole conversation about a budget and the deficit and all of that. it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put
issue was obama, was the increase in spending, was essentially the expansion of government. or to put it a more abstract and grand way, the relationship between citizen and state which obviously was tilting towards state. so -- and there when the question is put in that way, the country shows itself to be a center-right country. had republicans been able to duplicate those conditions, that framework in 2012, they would have won. but it isn't the same election. 2010 was almost a purely ideological election, perhaps the most ideological since 1980. then you get to 2010 when you have a personality involved, and you have a figure who represents one side. romney is a good man. i like him. i think he's an honorable man. and i think he actually would have made an excellent president but he was a bad candidate, particularly in an election that could have been won had it been an election about ideas and philosophy. i think it would have been easily won had it been about ideas and philosophy. but number one, he wasn't the man, the best man on our side to make that case. and secondly, he decided
the republicans, the other side the democrats. and i must say, post-election, president obama has become more election. it's wider. and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it
. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a postpone this sort of economy prattling default situation until they can prosecute this continuing fight over taxes to a point where the budget is satisfied in the debt limit can be raised aga
to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi was in fact initially a spontaneous reaction to w
have seen within the gop recently. which obama will show up for the state of the union and more importantly the spending battle ahead? here to help us make sense of it buzz feed contributor, blake zeff. you have been writing a lot about this. i guess what i'm trying to make sense of right now is where obama is sort of strategically on this. two summers ago during the debt ceiling talks, there was signals of the white house to raise the eligible age of medicare like two months ago signals ago cpi change is good and then paul ryan saying i don't think there's anything and going to accept the sequester, you know which touches defense and not the social safety net at all and that's it. have we entered a new face and medicare and medicaid off the table? what do you think? >> i wouldn't be so sure. you're right the president is all over the map on this and yesterday there's an interview with him in "the new republic" and might have been code words and wanted the talk about judicious reforms to medicare and mart changes to social security and how he's willing
obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to turn now to our discussion this morning. bring in a reporter for "politico," anna -- and perry
goes up by a trillion a year. the white house says the republicans are to blame, spending cuts are to blame. super storm sandy is to blame. excuses. the numbers are what they are. the economy is sinking. president obama's policies seem to be failing. his approval rating is at a three year high. arnie and company about to begin. aving triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: illinois is going broke. good morning, "varney &
more doning to think the rum runs are obstructionist and aren't being cooperative. when president obama says he wanted balanced approach he gets pass incrises but the payroll tax is inconstituted. but what happens to spending cuts? how much spending cuts have been put on the table he accused the republicans of not want agency balanced approach and then the revenues are increased for go, where the spending cuts? i can't believe the success they have in turning the tables where they're the ones who don't want to have balanced approach. how much spending cuts have we gotten? i want to say -- >> the question is -- to go forward, the republicans? >> i'm sorry. >> the sequester -- >> i didn't answer your question completely because i don't take to these billionaires because i don't know them. i grew up in wisconsin, 5,000 people. the towns around me were so mall my contemporaries thought they left in a town called resume speed. the guys i hunted with in high school and i don't know that many millionaires and billionaires because i just love my friends the way they are. but i think what should
income, and spending is obvious because a surreal driver of our deficits and our debt. spending is the reason that we're up against the $16.2 trillion debt limit. spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess. it's instructive for my colleagues to hear the words straight from then-senator obama. he delivered these remarks on march 16, 2006. at that time the senate was debating raising the debt limit by $781 billion to a new limit then that seems very small today, about half what it is today, raising the limit of 2006 to $8.9 trillion. so i thought it would be worth for the president's benefit as well as our benefit to go over what then-se
to speak about taxes, debt and spending. it's time for president obama to show leadership, real leadership, on the biggest threat that america faces to our future prosperity. as my good friend, the republican leader, has said, if we don't get a handle on spending and debt, not much else matters. it has now been 1,371 days, almost four years, since democrats who control the united states senate have brought a budget to the floor and had a vote on and passed the budget. over that time our national debt has grown by more than $5.2 trillion. our credit rating has been downgraded because of fears that we may not be able to pay our debt back when it is ultimately due. and we have experienced the highest -- excuse me -- the longest period of high unemployment since the great depression. since the end of the official recession in 2009, americans' household median income has fallen by roughly $2,500, while the cost of employer-provided family health insurance has increased by more than $2,300, roughly a comparable amount. not only has income fallen by $2,500; costs have gone up thanks to obamacare
, and everybody stopped spending but you know the seed0s the last quarter's gdp were sow n in the summer of 2012 when president obama put politics ahead of our national security or any economic growth. its its ridiculous. >> that's the most important word, growth. when the economy opportunity grow you have no way of digging yourself out of the ditch. the 16-1/2 trillion ditch. here's my point. if the government stops pending, if the economy is so weak that when the government does stop spending, it goes into a neglect testify growth or recessioner in period, that's not the sign of a healthy economy? >> if agree with you. but keep in mine what i'm homing now, eric, we city a little stability, at least until 2014 elections. we know that people over 200,000 a year are going to pay 4-1/2% more in tax. we know there's certain stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this eco
there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've go
spending. let's reform entitlements. let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and somebody again that would lend credibility to us as republicans and democrats in congress as a way to come together to get this country's economy moving. in my view, the situation has not changed. in fact, as we saw by the numbers you just reported, the lack of jobs, the slowing of the economy are still here, perhaps getting more evidence that things are going in the wrong direction, not the right direction. and all the more reason to have something to coalesce around the darn partisanship of washington, d.c. and the differences between congress. and i could say every time i say to my democratic colleagues tha
. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and the company says the turn around in europe is under way. but t
a look at the drag from the sequestration, you know, the cut in that spending, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will tak
obama administrationmented to fore stall that. they have to take place march 1st. that's the agreement made. we spend too much money. we do not have a revenue problem. stuart: $100 billion cut, march first, military and health spending, cut it, and you say do it. all right. congressman, republican, tennessee, thank you very much for joining us. >> thank you. stuart: buy season tickets to the favorite team, and if the team sinks or stinking, you get some of your money back. maybe the new york gelts should take note. the owner of the team offering that discount. there is a team owner who is offering discount to season ticket holders, and he's next. ]s joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's ju
-building here at home, something that not just candidate obama, but also candidate romney, agreed about. we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it is a prediction that at this point seems like a certainty, but i would argue it has been a near certainty once beat sequestration provision was written into the budget control act. i will talk a bit about sequestration per se, but i would regard it as a symptom and not the disease itself. the disease itself is erosion to the point of vanishing, almost, of the bipartisan political consensus for military string, for peace through strength, as people used to say. that is really something that over the cours
and booming spending cuts. meanwhile, a private survey shows u.s. businesses increased hiring in january compared with a revised december reading. adp said employers added 192,000 jobs. the increase in hiring occurred after congress and the obama administration reached an agreement on january 1, avoiding sharp tax increases and across the board government spending cuts. the chairman of the senate judiciary committee sent in his prepared statement that closing loopholes in the background check system for gun purchases will not run firearm owners said mmm rights to own a gun and is a matter of common sense. after the killing of student and staffers in connecticut it is time to stop recriminations on the subject. the senator says the background checks would mean a strengthening by law anyone buying a gun from a licensed dealer must have a background check infected killers and people with mental problems barred from purchases. the senate judiciary committee hearing on guns begins it 10:00 eastern time. here is live on c-span radio or watch live on c-span. those are some of the latest headlin
because people are concerned about the next spending sequestration. and i think, what a bunch of crap. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company money. you had a light increase in inventory compared to the first quarter. that takes some of gdp away. you know you're not going to have that consumer spending for consierms going forward. you have declines in both exports and imports and that had a solid impact on gdp. but you have to be concerned about what's going to happen with exports and, of course, st weak imports. you have to be concerned about that being weak. they're not negative year over year yet, but the flows have slowed down and having declining exports and imports really a b
have tried to achieve over the past several years will be lost. we will still spend a lot less in afghanistan the matter will we do in years to come. will we spend enough to safeguard the investment we made there? i agree with the words by president obama. host: we have about 15 minutes left with our guest. henry is calling from kentucky henry from kentucky is calling. caller: people around the world have always considered the american people the most uninformed and the most obtuse of any nation. i think is because the mainstream media distorts the truth so much and present the facts as they want the people to hear and see. the information that you get on the internet is a lot more reliable, because you can do research about who wrote it and what not. i find conflicting things that you say about what is going on iran the globe -- around the globe. the gun violence, there are staged events to get people behind the gun and assault ban -- host: let's move on to florida. joseph, are you there? caller: how old were you in 1957? guest: i was-years old. host: why do you ask? caller: b
think 25% of government spending on gdp is an okay number because i've increased entitlements for obama care, i've done other things where i've increased entitlements. i want to bring tax revenues up to 25%. i don't want to meet at 18 or 20 like we've had for so long, would that be okay with you if it was 25%? would that be anti-growth for the private sector? >> my view is you should decide -- what is it you think the government should do. you don't pick a number. you pick a -- >> so -- >> the aging of the population in the u.s. implies that the correct number of white -- >> -- hire -- >> -- is going to change over time because if you say i think the government should be helping people with their retirement through a social insurance like social security then it means the government size number is going to change over time, not just a fixed number. >> but if you look back at the last 60 years the average has been around 22%. >> so yes, if you try to fix it at 22% you're implicitly saying i'm going to pretend like the aging of the population is not happening. so i'm going to fix it, the
, obama's clinton role agenda calling it liberal. >> the president wants to be a transformational president not by moving to the center but by pushing an agenda that involves higher taxes, more spending on social programs and no cuts in entitlements. we have problems with the debt, deficit, and entitlements and unless we take them on we do the country a disservice. >> it is like "i gotcha" and here is the real thing. bigger government and more taxes. what was interesting about the speech, it was so uncompromising in the sense there was no discussion whatever about the economy. i heard nothing about the economy or nothing about debt or the fact this country is going broke, it was about expanding government. as doug said, it, in an effort to move left, the reality of the times is going to fit in but he has made his hard play. that is what it was. >>gregg: americans want the deficit to be addressed but without medicare cuts. look poll, 58 percent, no cuts. what tour make of this? >> and 89 percent of the people do not want to change anything to do with medicare. the speech that he ma
Search Results 0 to 49 of about 63 (some duplicates have been removed)